Alaska Air Group (ALK) Stock Moves -1.82%: What You Should Know

Alaska Air Group (ALK) closed at $48.66 in the latest trading session, marking a -1.82% move from the prior day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.31%. Shares of the airline witnessed a loss of 5.56% over the previous month, trailing the performance of the Transportation sector with its gain of 2.86%, and the S&P 500's gain of 5.05%.Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. On that day, Alaska Air Group is projected to report earnings of $1.57 per share, which would represent a year-over-year decline of 38.43%. In the meantime, our current consensus estimate forecasts the revenue to be $3.66 billion, indicating a 26.26% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.65 per share and revenue of $14.21 billion, indicating changes of -25.05% and +21.09%, respectively, compared to the previous year. Investors might also notice recent changes to analyst estimates for Alaska Air Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Alaska Air Group is currently a Zacks Rank #3 (Hold). Digging into valuation, Alaska Air Group currently has a Forward P/E ratio of 13.57. This expresses a premium compared to the average Forward P/E of 9.59 of its industry. Investors should also note that ALK has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. ALK's industry had an average PEG ratio of 0.88 as of yesterday's close. The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks